Drive Strategic Growth
To attract and retain growing businesses, state and local governments often provide valuable economic incentives including tax abatements, payroll tax credits, infrastructure grants, low- or no-interest loans, training grants, tax increment financing, and more.
When your clients are considering relocating, expanding, making capital investments, or adding new jobs, McGuire Sponsel can help businesses take advantage of these economic incentives and guide them through our strategic growth planning process.
When Should You Pursue Location Advisory Services?
Credits and incentives are time sensitive. Designed to encourage specific activities, they generally must be secured prior to growth initiatives taking place. If your client is in the planning phase for growth, let’s talk.
– Adding Full-Time Jobs
– Purchasing New Equipment
– Buying, Leasing, or Building a Facility
– Significant investment in Real Estate Improvements
– Acquiring Another Business
– Relocating Operations
– Consolidating Operations
Results
-
$5-8K
Per Qualifying Job Over a 5-10 Year Period
-
10%
Of the Qualifying Investment Value as Realized Incentives
How McGuire Sponsel Can Help
Growing, dynamic businesses work with McGuire Sponsel to be guided through important decisions while we negotiate valuable economic incentives that improve your bottom line. Whether you represent a Fortune 500 company, a private equity group, or a closely held business, our credits and incentives team can bring value to your next project.
McGuire Sponsel works with businesses of all sizes, all across North America, providing comprehensive location advisory and incentive solutions that include:
• Strategic Growth Planning
• Credits and Incentives Consulting
• Compliance
• Site Selection
Resources
- Case Study
- Webinar
General Atomics
General Atomics planned on investing over $60 million in their current Lee County, Mississippi location. The company looked to McGuire Sponsel to procure incentives for the growth project. McGuire Sponsel worked with Lee County to negotiate a fee in lieu of taxes (FILOT). With the help of McGuire Sponsel’s credits and incentives team, General Atomics will save around $6.8 million in tax payments over the first 10 years of the FILOT agreement.
Can Incentives Benefit My Client's Business?
The truth about credits and incentives for small and medium sized businesses: Most businesses don’t think they are eligible for or qualify for incentives because they aren’t the Amazons, FedExs, Apples or Googles of the world. However, many businesses make qualifying activities every year and never receive benefit. In this webinar, we explore what makes incentives accessible to small and medium sized businesses and the potential pitfalls to navigate around.
Recent Resources
-
blogLocation Advisory ServicesMarch 10, 2025Navigating Compliance and Incentives in Economic Development: Insights for CPAs and Real Estate Professionals
by Ben Worrell, MBADiscover key insights into economic incentives and compliance for CPAs and real estate professionals. Learn about triggers for incentives, industry-specific...
-
blogLocation Advisory ServicesFebruary 26, 2025
Reshoring Strategies for Manufacturers: How CPAs Can Maximize Tax Savings Through Incentives
by Ben Worrell, MBAWith the 2024 election in the rear-view mirror, business owners are experiencing the first few months of a new administration....
-
in the newsLocation Advisory ServicesFebruary 13, 2025
Evolve Transporters to Relocate Headquarters and Manufacturing Facilities to Noblesville, Indiana
by Reid Pittard, MBAMcGuire Sponsel’s Location Advisory team worked with Evolve Transporters to support their $39 million investment in Indiana.
-
blogLocation Advisory ServicesJanuary 22, 2025
Maximizing Returns: Navigating State and Local Tax Credits for Multifamily and Mixed-use Developments
by Ben Worrell, MBAThe business landscape has transformed in recent years, with many companies adopting hybrid and fully remote work schedules. This shift...
